The New South Wales (NSW) government has announced plans to strengthen the regulation of grants (Government Sector Finance Amendment (Grants) Bill 2023). The proposed changes are designed to improve accountability and transparency, align legislation with the principles set out in the NSW Grants Administration Guide, and to ensure that grants are used effectively and efficiently.
We believe this bill is a positive step forward and has important implications for grant administrators in NSW, including improving grants regulation compliance through your grants management solution.
Modern grants systems should be underpinned by cloud-based, agile, and human-centric modern technology. This technology should be scalable and configurable to accommodate new processes and changes to rules and regulations. We also believe that your grants management solution will be vital to improving grants compliance by adhering to a set of standardised business processes ‘codified’ in the platform.
While the specific requirements of the new regulations are not yet published, we anticipate that they will mandate the following:
Transparent processes throughout the grant lifecycle
Clarity in the assessment criteria so that grantees and grantors have access to the mechanics and decision-making behind evaluations
Audit trails and logs as to who can read, review and decide upon applications
Analytics that can demonstrate both forecast and historical views of all aspects of a grant – to determine consistency and fairness is applied and anomalies are detected and reported upon for action
We have a team of experienced professionals who can help you navigate the new regulations, improve your grants management, and select the right technology.
A word from the team...
Our team is always anticipating changes to the grants landscape, and we work closely with government to understand these and advise our clients on the best and more efficient way to implement them.
Paul Breed, Partner, Grant Operations Practice
Deloitte’s Grants Operations practice has been at the forefront of grant assurance, program governance and operations for years, achieving leadership across the grant lifecycle within state and federal governments through to local grants providers.
We are excited to launch GrantsConnect in Australia. Based on Salesforce Public Sector Solutions, it provides a data model and business logic that streamlines government processes, built by Deloitte Digital leveraging our market leadership in grants regulation and assurance.
Mason Davies, Partner, Deloitte Digital
This challenge isn’t unique to Australia and several countries have collaborated to build Deloitte GrantsConnect, a Salesforce-based solution that provides end-to-end grants lifecyle management for agencies and departments of all sizes - it is flexible, regulation-compliant, and easy to update to keep pace with the changing environment.